Tuesday, March 13, 2012

S&P 500 ~ EOD Update ~ 13 March 2012

The SPX breached the resistance at 1375-78 early in the morning and then just kept moving higher and almost hit 1400 before the close.

I adjusted my count (relabeled waves [iii] and [iv]). It's only a minor change though so the overall picture remains:

Next target is the 1440-50 area. I'll post a chart later which explains how I got this target area.